A bank holding company agreed to pay a fine of approximately $110 million to settle charges of failing to supervise foreign exchange traders' communications and activities.

SEC Division of Investment Management Director Dalia Blass addressed general questions on recently proposed Regulation Best Interest. She also provided updates on SEC activity since the adoption of the liquidity risk management rule.

The New York Department of Financial Services proposed updating the existing suitability regulation in order to establish a "best interest" standard for life insurance and annuity product licensed sellers.

A commodity trading company agreed to pay $2 million to settle CFTC charges of (i) holding net futures positions that exceeded speculative position limits, (ii) engaging in wash trading, and (iii) filing inaccurate statements.